Technical
Financial
Distress signals
Property profile

189 Andover St Peabody, MA 01960

OFF-MARKET
Banks
Property ID
US38-1398720
9,000 SF 1.42 ac lot Built 1981
Individually Owned 28-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1981
Construction FRAME
Total area 9,000 SF
Lot 1.42 ac (61,855 SF)
Zoning code BR
APN PEAB M:0039 B:0042
UPID US38-1398720

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Financial Advisor
  • Financial Advisor
  • Bank Loan Service
  • Loan Service Bank
  • Loan Service Bank

Location

189 Andover St Peabody, MA 01960-1630
Peabody metro Census 210302 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$580k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.20M
Blend (final) Blend
$890k

Owner & transaction history

since 1997
6 recorded transactions
2017
Price N/A
2007
Price N/A
2003
Price N/A
1998
Price N/A
1997
$854,000
1969
Price N/A

Zoning & alternative use

BR · Peabody, MA
Zoning description

District is to provide space for large mixed commercial development that serves a regional market, which customers generally access by car so there is ample parking to serve the facility. Outdoor storage and use is allow…

General category COMMERCIAL
Top alternative use upside
Restaurant $1.3M +14.8%
Apartment house (5+ units) $1.2M +8.3%
Auto repair, garage $1.1M +1.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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